Nigeria, March 15 -- In response to mounting international sanctions, Russian oil companies are increasingly embracing cryptocurrencies like Bitcoin and Tether's USDT to facilitate trade with major partners such as China and India.

This strategic shift marks a significant evolution in how global energy transactions are conducted, as digital assets provide an alternative to traditional financial systems that have been restricted by Western sanctions.

Cryptocurrency in Russian Oil Trade

According to industry insiders, Russian oil traders are conducting tens of millions of dollars in monthly transactions using Bitcoin and USDT. These transactions follow a structured process where Chinese buyers make payments in yuan to intermediaries, who...